Institution: Maine Public Employees Retirement System
Headquarters: Augusta, United States
Allocation to alternatives: 45.70%
Maine Public Employees Retirement System has agreed to commit $75 million to General Catalyst Group X, a contact at the pension informed Private Equity International. The venture firm’s predecessor fund closed at $1.375 billion in April 2018.
The $15.30 billion US public pension has a 15.0 percent target allocation to private currently that currently stands at 15.60 percent.
As illustrated below, MainePERS has made seven commitments to private equity funds with a 2019 or 2020 vintage, which combined constitute $425 million.
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